Source : Investopedia
https://www.investopedia.com/warren-buffett-buys-capital-one-dumps-bny-mellon-7498577
It was due to buffet Shares was distributed among all the Employees in February. I took it as a Red Flag and knew this was coming . It makes me happy the way BNY Mellon dumps its Employees, the Elites are doing the same.
@1mxr, well, Einstein, that's only 500k shares. Why did Buffett get rid of his his other 24.6 million shares?
They walk among us…
Your short attention span is mind blowing. Please check one of the previous thread in the month of Feb. In one of the quarters before our Bonus payout Warren sold half of its shares to enable BNYM employees to be entitled to become Shareholders of the Company. If you don't see this as a huge Red flag in the past , I don't know what will ?
Looks like you're one of those DEI hires who is too stoopid to see there was already a thread about BK getting dumped by Buffett.
@vjf+1mExKB52 so what do you suggest you bigot ? Looks like you are one of those incompetent managers that needs to be shown a PPT to explain everything. Try to go through one of the previous threads to connect the dots on the reason behind the grant of 10 BK shares to all Employees, Warren Buffet was the strong reason. There are people like you in BNY Mellon that Warren isnt really interested in investing so he dumps them and opts for Capital One.
The id10t also posted 5 hours after @OP+1mETlPt5
Makes no sense what is OP trying to express?
@OP Please rewrite so that we can make out what you are trying to say.
And Buffet also bought more BofA shares in Q1. Also from Reuters:
"Trust banks such as BNY Mellon have seen deposit pressures mounting as the [U.S. Federal Reserve shifts] to quantitative tapering," said David Smith, an analyst at Autonomous Research.
In contrast, high-yielding assets for credit card specialists such as Capital One position them better to absorb increased funding costs and avoid liquidity concerns, he added.